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Daily Dispatches
Vietnam gold prices plunge as government sells
Submitted by admin on Mon, 2024-06-03 10:46 Section: Daily DispatchesBy Minh Hieu
VN Express, Hanoi
Sunday, June 2, 2024
The Saigon Jewelry Co. gold price has plummeted by 12% from its all-time high of VND92 million (US$3,619.91) seen on May 10 to VND81 million ($3,185.84) today.
The gold bar price is down 3% from the weekend. A tael equals 37.5 grams or 1.2 ounces.
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Jan Nieuwenjuijs: Gold overtakes euro in international reserves
Submitted by admin on Sun, 2024-06-02 10:06 Section: Daily DispatchesBy Jan Nieuwenjuijs
Gainesville Coins, Lutz, Florida
Thursday, May 30, 2024
Sturdy central bank gold buying since 2009 and a rising gold price has grown the precious metal's share of global international reserves to the detriment of fiat currencies. By the end of 2023 gold surpassed the euro and the next fiat currency to be challenged is the U.S. dollar.
Louisiana reaffirms gold and silver as legal tender
Submitted by admin on Sat, 2024-06-01 18:46 Section: Daily DispatchesFrom Money Metals News Service, Eagle, Idaho
Friday, May 31, 2024
Louisiana Gov. Jeff Landry has signed a new law reaffirming gold and silver as legal tender, making a symbolic statement in favor of sound-money principles.
Senate Bill 232, sponsored by Sen. Mark Abraham, marks the sixth pro-sound money bill passed by a state this year, underscoring a national trend.
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Mike Maharrey: Did FDR really confiscate everybody's gold?
Submitted by admin on Fri, 2024-05-31 22:46 Section: Daily DispatchesBy Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Friday, May 31, 2024
Did the U.S. government really try to confiscate Americans' gold?
The short answer is ... well, there isn't a short answer. It's a complicated subject with more nuance than most people give it.
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India recalls 100 tonnes of gold from Bank of England, may bring back still more
Submitted by admin on Fri, 2024-05-31 09:38 Section: Daily DispatchesFrom The Times of India, Mumbai
Friday, May 31, 2024
NEW DELHI -- The Reserve Bank of India has moved a little more than 100 tonnes of gold from the United Kingdom to its vaults in the country, marking the first time at least since early 1991 when precious metal at this scale has been added to the stock held locally.
A similar quantity of gold may be headed in the country again in the coming months, with official sources telling the Times of India that the transfer to locations within the country was for logistical reasons as well as diversified storage.
Robert Lambourne: BIS gold swaps rose 10 tonnes from February to April
Submitted by admin on Fri, 2024-05-31 07:57 Section: Daily DispatchesBy Robert Lambourne
Friday, May 31, 2024
Gold swaps undertaken by the Bank for International Settlements appear to have risen slightly in March and April, according to the bank's monthly statements of account for those months, both published this week:
Vietnam's central bank to sell gold through state banks to quell prices
Submitted by admin on Thu, 2024-05-30 12:22 Section: Daily DispatchesBy Quynh Trang
VN Express, Hanoi
Wednesday, May 29, 2024
The State Bank of Vietnam, in a move to stabilize gold prices, will sell gold bars to four state-owned lenders so they can distribute them to retail buyers.
The sale will begin June 3 at prices determined by the central bank, bank Deputy Governor Pham Quang Dung said Wednesday.
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Pam and Russ Martens: Academic study documents revolving door between big banks and regulators
Submitted by admin on Thu, 2024-05-30 12:12 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, May 30, 2024
Ronan Manly: Trends and developments in central bank gold buying
Submitted by admin on Thu, 2024-05-30 11:59 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Thursday, May 30, 2024
As we approach mid-year 2024 in the environment of an all-time high U.S. dollar gold price, it's notable that central bank gold buying continues to be one of the themes dominating gold market discussion.
In uncertain times, gold jewellery offers financial security
Submitted by admin on Wed, 2024-05-29 15:21 Section: Daily DispatchesWhen gold is remonetized, India may be the richest country in the world.
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By Yumna Iftikhar
The Globe and Mail, Toronto
Tuesday, May 28, 2024
As a child Adiba Ahmed didn't understand why her mother loved gold jewellery. But when her family came under financial stress and her mother sold the gold to keep them afloat, Ahmed realized that gold jewellery could be a reliable emergency fund.
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